Cashing in on the benefits of at call accounts
It’s 1 July. The flurry of 30 June has passed, and 52-year-old Diane and her 54-year-old husband Peter are now…
Written by Rachel Polglase Published: June 27 2019 Investments
David Koch, finance expert, joins Cashwerkz as guest presenter of our video series, “Make Your Cash Werk”. In Episode 3, Kochie looks at ‘Cash Drag’ and the affect it has on Australian investors. Cash Drag occurs when money is allowed to sit idle without earning a return, for example money left in low interest rate bank accounts or trading accounts. If your money isn’t working for you, it’s going backwards. Inflation erodes the value of money, and reduces the purchasing power of money left idle without earning a return.
Do your research and find out more at www.cashwerkz.com.au